Company Profile

Company Profile

Gujarat Industries Power Company Limited (GIPCL) was incorporated in 1985 as a Public Limited company under the auspices of Government of Gujarat (GoG). The Company was incorporated as a Public Limited Company with the Registrar of Companies, Gujarat under the Companies Act, 1956 and having its registered office at P.O. Petrochemicals, Vadodara- 391346, Gujarat, India and has listed its shares on BSE Limited and The National Stock Exchange (India) Limited. The company has been promoted by leading Gujarat PSUs, namely GSFC, GACL and GUVNL. The company is engaged in the business of Electrical Power Generation with a present installed generation capacity of 1084.4 MW. The Company has a diversified portfolio of Thermal (Gas and Lignite), Wind and Solar Power Plant Assets in the state of Gujarat. GIPCL aims to transform itself into a formidable national level power sector enterprise.

Company’s Operational Projects

  1. 310 MW Gas Based Combined Cycle Power Plant at Baroda
  2. 500 MW Lignite Based Power Plant with Captive Mines , Nani Naroli, at Taluka: Mangrol, Surat District
  3. 274.4 MW Renewable Energy comprising of Utility Scale Wind & Solar Projects

History and Growth

GIPCL commissioned its first power project, a 145 MW gas based Combined Cycle Power Plant at Vadodara in the year 1992. It was set up as an innovative concept of Group Captive Power Plant with the participation of industries and the state power utility as promoters. Power from this plant is distributed to its promoters in proportion to their original equity holding.

Thereafter the Company commissioned a 165 MW dual fuel based Combined Cycle Power Plant at Baroda in 1997 which successfully operated as an IPP having a long term PPA with GUVNL for 20 years. Subsequently this plant has entered into a 5 year Power Purchase Agreement (PPA) with GUVNL for supply of power on Short Term Open Access in March 2019. 

GIPCL commissioned a greenfield project of 2x125 MW Surat Lignite Power Plant (SLPP-I ) based on environment friendly CFBC technology at Nani Naroli, District Surat, Gujarat in November, 1999 having long Term PPA with GUVNL for 30 years. The capacity was further enhanced with the commissioning of another 2 x 125 MW (SLPP- II) with similar technology in April, 2010 having a long term PPA with GUVNL for 30 years. The lignite for these plants is sourced from the captive mines of Vastan, Mangrol and Valia.

In the recent years, GIPCL has aligned its growth strategy with the vision of GOI to have 175 GW Renewable Capacity by 2022. The company has successfully commissioned 112.4 MW Wind Generation capacity at various locations in Gujarat in the period 2015-17 having long Term PPA with GUVNL for 25 years with Feed-in Tariff. .

The company has also established a number of Utility Scale Ground Mounted Solar PV Projects in Gujarat since the year 2012 onwards. The projects have long term PPAs of 25 years with SECI and GUVNL. The company has also commissioned a unique Distributed Agri Solar pilot project of 2 x 1 MW in April & May, 2016 for Govt. of Gujarat feeding solar energy directly into the distribution grid thereby eliminating T & D losses. The Company has successfully commissioned a 2 x 40 MW Solar Project in September, 2017 as well as a 75 MW Solar Power Project in June, 2019 at Gujarat Solar Park, Village Charanka, Dist.: Patan.

The company is presently executing a 100 MW Solar PV project at the Raghanesda Solar Park, Dist. Banaskantha, Gujarat awarded by GUVNL under the Competitive Bidding route. The Company is also exploring feasibility of setting up Hybrid Solar: Wind Project under new policy announced by the state. In line with thrust of Govt. of Gujarat and Govt. of India, the company is aggressively pursuing various opportunities in Renewable Energy sector and planning to further enhance its dominance in the Solar, Wind and Hybrid Generation by leveraging in house expertise and also offer consultancy services to the industry.

Promoters

Sr.No

Website Name

Website Link

1

Gujarat Urja Vikas Nigam Ltd. (Erstwhile Gujarat Electricity Board)

www.guvnl.com 

2

Gujarat State Fertilizers & Chemicals Ltd.

www.gsfclimited.com 

3

Gujarat Alkalies & Chemicals Ltd.

www.gujaratalkalies.com 

4

Petrofils Co-operative Ltd.

 

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